13 Most Profitable Growth Stocks to Buy Right Now

6. Wheaton Precious Metals Corp. (NYSE:WPM)

Lawson Winder from Bank of America reiterated a Buy rating on Wheaton Precious Metals Corp. (NYSE:WPM) on February 26. The firm also raised its price target on the stock from $160 to $188. The firm has updated its  2026 forecasts for metal prices. Following that revision, it is adjusting its price targets for North American Metals & Mining companies under its coverage, according to the analyst.

Earlier, on February 16, Wheaton Precious Metals Corp. (NYSE:WPM) had signed a long-term silver streaming deal with BHP. The agreement includes an upfront payment of US$4.3 billion at closing. The company will also pay 20% of the spot silver price for all delivered ounces.

Under the deal, Wheaton Precious Metals Corp. (NYSE:WPM) will receive silver from BHP’s 33.75% stake in Peru’s Antamina mine. After closing, the company’s share of silver production at Antamina will rise to 67.5%, up from 33.75% under its existing stream with Glencore.

Wheaton Precious Metals Corp. (NYSE:WPM) CEO Randy Smallwood commented:

Quality silver production is becoming increasingly difficult to source while demand continues to rise for both critical industrial uses and for silver’s safe haven qualities in today’s economic environment.

Wheaton Precious Metals Corp. (NYSE:WPM) operates as a seller of precious metals across Europe, South America, North America, and Africa. It mainly produces and sells silver, gold, Platinum, palladium, and cobalt deposits. The company was incorporated in 2004 and is based in Vancouver, Canada.